HISTORICAL FACTS: Jana partners | History Defined

MCS, FUN, and SPHR have each gained at least 50% YTD as consumers shift spending toward affordable domestic entertainment despite low consumer sentiment.

Investors are rallying behind the appointment of John Reilly as the new CEO of Six Flags as the company pivots toward operational excellence and growth.

An investor group that includes Jana Partners and NFL player Travis Kelce says it has built up one of the largest ownership stakes in Six Flags Entertainment and plans to press the company's leadership on ways to improve the struggling amusement park operator's business

Six Flags Entertainment Corp (NYSE:FUN) shares are soaring late Tuesday after The Wall Street Journal reported that NFL star Travis Kelce is teaming up with activist investor Jana Partners to push for changes at the company.

Activist investor Jana Partners has reportedly taken a stake in The Cooper Companies (NASDAQ:COO) and is pressing the medical-device maker to evaluate strategic alternatives — including a potential merger between its contact-lens division and Bausch + Lomb (NYSE:BLCO).

Despite Lamb Weston’s underperformance relative to the broader market over the past year, Wall Street analysts remain moderately optimistic about the stock’s prospects.

Lamb Weston had the highest Vol/OI for calls on Thursday at 258.65, more than double the next highest. All 11 trades for LW were by big fish, with the smallest being 45 calls. Somebody’s hungry for french fries.

Editor's Note: Starting next month, we will be rolling the Merger Arbitrage Mondays series into our paid subscription services, Inside Arbitrage Plus and Inside Arbitrage Premium. The more affordable Plus service focuses on content including a monthly special situations newsletter, a model portfolio and mid-month updates. The Premium service includes both…

Software company Zendesk Inc (NYSE:ZEN), which became a takeover target during a failed purchase of SurveyMonkey parent Momentive Global Inc (NASDAQ:MNTV), is exploring a potential sale, Bloomberg reports. Zendesk rejected an acquisition offer from a consortium of private equity firms for as much as $16 billion, Reuters reports. Zendesk nixed the Momentive takeover after shareholders in both software companies questioned…